Three-quarters of companies worldwide are striving to restructure their supply chains through collaboration with as many suppliers as possible to reduce risks, with which the flow of goods in the world is faced with an increasing geopolitical rift in the global trading arena.
This strategic transformation was revealed in a study conducted by "Economist Impact", the trade arm of the "Economist" group, and DP World during the World Economic Forum, which underscored the uncertainty and anticipated attention from the new US administration to the "America First" policy.
The results of the report "Trading in a New Era", the fifth annual edition, which included over 3,500 supply chain leaders from across the globe, showed that companies are quickly adapting to evolving protective measures and changing geopolitical alliances.
Countries considered as "non-aligned" such as Vietnam, Mexico, India, the United Arab Emirates, and Brazil are increasingly viewed as vital trading points.
Recent studies by "Economist Impact" provided valuable insights into future trading in this new era.
According to 71% of respondents, these countries help reduce trading risks, while 69% of them affirm that the role of these countries becomes crucial in the fight against vulnerabilities arising from global conflicts.
The study also showed that about 40% of companies are working on increasing sourcing from the United States, while 32% of them are using dual sourcing strategies to mitigate geopolitical risks.
Sultan Ahmed bin Sulayem, chairman of the board of directors and CEO of DP World, stated: "Global trade today faces unprecedented challenges and requires greater flexibility, speed, and innovation in its solutions."
